Dictionary of Procurement Terms

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Search Results: 1751-1760 of 2469 results

  • Price Protection

    Sales agreement granting purchaser any reduction in price the supplier may establish prior to shipment of the goods; sometimes extended for a period beyond the date of shipment.

  • Price Range

    The variety of prices at which competitive products or services are available in the market. (Business, 2002)

  • Price Rebate

    A reduction in price, usually given after the completion of the contract and based on the quantity or value of goods purchased.

  • Price Reduction

    A decrease in the assigned value for a commodity or service exchanged relative to its worth determined in some previous time period. The act of reducing the agreed upon value of selling price where the incurred price paid is lower based upon what was previously paid; usually refers to a lower price paid by the buyer.

    See Also: Cost Reduction, Cost Savings

  • Price Skimming

    Charging the highest possible price that buyers who want the product will pay. (Ferrell & Hirt, 2002)

  • Price Stability

    The absence of significant changes in the average price level; officially defined as a rate of inflation of less than 3 percent. (Schiller, 2000)

  • Price/Earnings (PE) Ratio

    The price of a stock share divided by earnings per share. (Business, 2002)

  • Pricing

    The process of establishing a reasonable amount to be paid for goods and services. Generally includes labor, material, ancillary costs, and profit.

  • Pricing Data

    Factual information about prices for goods and services substantially similar to those being procured; can include offered or proposed selling prices, historical selling prices, and current selling prices.

  • Pricing Method

    CANADIAN The method by which the Contract price is determined, such as fixed, lot, cost plus, or target.